The team at selfmanagedsuper would like to wish all our readers a Merry Christmas and Happy New Year as the publication signs off for 2016.

The arrangement and implementation for children receiving pensions will be made more complex and technical as a direct result of the $1.6 million transfer balance cap provision starting 1 July 2017.

The SMSF Association today said the latest ATO annual SMSF statistics painted a glowing picture of the sector, with new members and funds growth steady, and investment returns and expenses competitive with the Australian Prudential Regulation Authority (APRA)-regulated sector.

SMSFs have held the highest level of financial performance satisfaction compared to public sector funds, industry super and retail funds since 2007, but the complexity of the incoming super legislation could change this, according to the latest survey from Roy Morgan Research.

Forager Funds Management’s flagship listed investment trust (LIT), the Australian Shares Fund, commenced trading on the Australian Securities Exchange (ASX) last Friday at a market cap of $138 million, with more than half of its units held by SMSFs.

Class has announced a partnership with The SMSF Academy as a result of the challenges accountants and administrators are facing due to the biggest changes to super in more than a decade.